Russian Crude Prices Via Druzhba Pipeline To Jump 16% After Dam Collapse

June prices for Russian flagship Urals crude via the Druzhba pipeline through Ukraine are set to jump by 16% over May’s prices due to European refiners’ concerns of transit disruptions following the collapse of a major Ukrainian dam and fears of more significant infrastructure damage, Reuters reports, citing two unnamed sources. While Russian seaborne oil is banned by sanctions, piped crude is not, with the Druzhba pipeline running through Ukraine and supplying Hungary, Slovak and the Czech Republic from the southern branch. Reuters…